New crypto wallet sends money through text messages
Telx has introduced a SIM card that acts as a crypto wallet
As cool as cryptocurrency is, one question remains. How do I send money if there’s no Internet connection? Several companies have been working on alternatives, including text message-based solutions, but a Miami-based company is taking the idea to a new level. Telx Technologies has released a SIM card that allows the user to send crypto to anyone, almost anywhere in the world, directly through a text message.
The process is fairly straightforward. A user can purchase a SIM card for less than $20, activate it and install it in the phone – any type of cell phone – and use the included wallet to complete crypto transactions. Five currencies – Bitcoin, Bitcoin Cash, Dash, Zcash and Litecoin – are supported currently and the service is available in over 180 countries.
Since many cell phones these days offer the ability to install two SIM cards, Telx’s solution doesn’t necessarily mean having to switch numbers. The card reportedly offers advanced security and cannot be cloned or targeted by SIM swappers, keeping the crypto holdings safer.
Telx explains in a Medium post, “At Telx, our goal is to make transacting digital currency as easy and accessible as possible. Therefore, we are creating solutions that technical and non-technical people alike can adopt. We believe there is tremendous synergy between payments and messaging.”
It is now possible to send money while walking down the street in New York and have it delivered directly to someone in Australia within seconds, at a fraction of the cost of fiat transactions. Crypto truly is revolutionary.